The Department of Small Business Development (DSBD), Department of Trade, industry, and Competition (dtic), National Empowerment Fund (NEF) and Small Enterprise Development and finance Agency (SEDFA) have partnered to support South Africans with their convenience shops through funding.
The aim is to support township Community Convenience Shops, including spazas. The funding will be utilised for the refurbishment of businesses and facilitating wholesale aggregation.
Such businesses will be provided with financial and non-financial support in terms of technical skills, support for regulatory compliance and capacity building.
The objective is to:
· increase the participation of South African owned Spaza Shops in the townships and rural areas’ retail trade sector
· provide safe and affordable products and services to Township and Rural Community residents
· strengthen and support locally owned spaza shops by building capacity, enhancing operational efficiency, and enabling access to competitive pricing through partnerships
· help Spaza shops tap into bulk purchasing benefits and business support to boost their sustainability and competitiveness.
NB. This opportunity is strictly for South African citizens.
Application process:
To access the funding, applicants need to apply to NEF and SEDFA through the prescribed application process outlined on the relevant institution’s website.
https://www.sefa.org.za
www.nefcorp.co.za
Here is a funding opportunity for you!
Nyakaza Media Solutions - Yo School Magazine
Nyakaza Media Solutions, founded to empower schools, helps learners research, write, and publish newsletters, bulletins, and maintain websites. With a mission to promote dialogue on issues affecting young people, the organisation encourages learners to celebrate excellence, embrace growth, and strive for greatness. Nyakaza Media Solutions aims to foster better individuals and future South African leaders through positive and productive behaviour.